According to the Shahr-e-Bourse, today (December 6), the Iranian capital market opened with significant strength and momentum on the first trading day of the week. Following the release of a series of important macroeconomic news and fundamental decisions by companies over the weekend, the overall stock exchange index jumped significantly, crossing the psychological and technical threshold of 3.4 million points.

Remove preferential currency

The most important news in recent days was the announcement by the government spokesman that economists had decided to eliminate the preferential currency and grant its benefits to the people at the end of the chain. This policy, as a strong signal, will move the future profitability of many manufacturing companies (especially in the food, pharmaceutical and petrochemical groups) out of the pre-order mode and towards realisation. This created a heavy demand for related tokens in the pre-opening period.

News from major capital market companies

The release of news of the sale of the Izadshahr property by Wasapa (Saipa Group) for 3.97 trillion tomans and the recording of a net profit of 3.85 hemat, caused this symbol and its related symbols in the automotive group to face very high demand.

Also, the approval of a 22% capital increase for Shapna ( Isfahan Oil Refining ) and Khadizl (Iran Khodro Diesel) from retained earnings has strengthened the financial strength of these companies and added to the growth drivers of these industries.

On the other hand, Hamrah Awal Company’s forecast of 83 trillion rials in net profit for 1404, relying on a 20% increase in data tariffs, increased the attractiveness of this share in the telecommunications group.

Also, the proposed 900% capital increase of Ariadna Leasing Company was one of the largest capital increases announced recently that attracted the attention of shareholders.

 The status of parallel markets

Despite the stock market’s growth, the interbank interest rate has remained stable in the 24% channel for the tenth consecutive week, which experts consider a controlling factor against excessive market acceleration and a symbol of high financing costs.

Currency and gold market

Despite the volatility and upward trends in the currency and gold markets last week, the capital market has been able to attract significant liquidity. The news of the Central Bank’s coin auction next week indicates an effort to manage the emotions in this parallel market